Emma asked in Social ScienceEconomics · 1 month ago

How to draw a supply and demand curve from just the equilibrium price and equilibrium quantity?

I was told to draw a supply and demand graph and was only given the equilibrium point for it. Am I just supposed to draw a general graph and label the point, or is there something I'm missing?

1 Answer

  • Oiy
    Lv 6
    1 month ago

    Just draw a demand curve with negative slop and a suppl curve with a positive slop. the two curves will cut at the equilibrium price and quantity given.

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